Popular cryptocurrency analytics platform Lookonchain wrote in a post yesterday that a whale sent 1,750 Bitcoin to Binance.
Stating that this whale had sent BTC to Binance before, and then made a sale, Lookonchain said that there was a decrease in BTC after these sales, and that it was necessary to be careful in case there was a decrease again.
Lookonchain's warning came true and BTC fell again after the whale moved their BTC.
Quoting the previous warning post, Lookonchain wrote:
“After this whale moved, Bitcoin price dropped 3% again.”
Bitcoin, which experienced a sudden and sharp 3% decline yesterday, fell to $ 26,300.
Lookoncahin made the following statements in his warning post:
“A whale deposited 1,750 Bitcoin (worth $48M on Binance) about 30 minutes ago.
Whale had deposited 5,791 BTC (worth $163M) on April 21. Then the price of Bitcoin fell by about 3% in 5 hours.
Maybe the whale will not sell the 1,750 Bitcoins it sent to Binance, maybe it will. We don't know that at the moment, but in any case, keep an eye on BTC price changes."
The price of $BTC dropped ~3% again after this whale moved. 🧐https://t.co/aIRsebH12n pic.twitter.com/jrKdBKybbK
— Lookonchain (@lookonchain) May 19, 2023
While the Fed Chairman Jerome Powell is expected to speak in Bitcoin, BTC is at $ 26,905 at the time of writing.
*Not investment advice.
